Keith Olbermann, Countdown

The $10 million chandelier is about to smash into the ballroom.

Keith Olbermann, who was swiftly fired from Current TV last week after less than a year since bringing his signature Countdown show to the Al Gore-founded cable network, vowed to take legal action.

And E! News has exclusively learned from his attorney, Patricia Glaser, that he'll be filing suit against his former bosses today.

Olbermann signed a five-year, $50 million contract with Current, which was started by Gore and businessman Joel Hyatt in 2005, after his career at MSNBC came to an abrupt end in January 2011.

Last week's exit came almost as abruptly, or so it seemed.

"It goes almost without saying that the claims against me implied in Current's statement are untrue and will be proved so in the legal actions I will be filing against them presently," Olbermann wrote last week after Current claimed that its values were "no longer reflected" in its relationship with the veteran sports and political commentator.

Glaser, his attorney, represented Conan O'Brien when the successful Late Night host-turned-unsuccessful Tonight Show host was fired by NBC. O'Brien ended up with a $45 million settlement for himself and his staff.

(E! Online, NBC and MSNBC are all members of the NBCUniversal family.)

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